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Search Results 63 to 162 of about 1,218 (some duplicates have been removed)
FOX News
Dec 7, 2013 8:00am PST
-style enhancements for those not rich. >> but the bottom line is that when you have a slow economy like we had in the 70s, the rich very often get richer but the poor get poorer. that didn't happen during the reagan era, did it? >> no, it didn't. look, it's not just the obama administration's fault. it's the bush administration's fault. the cheap dollar policy creates financial bubbles. who can take advantage of financial bubble? the rich. the poor always have to sell out at the bottom. number one. number two, the regulatory creep that occurred under bush and has accelerated under obama has made it very difficult to expand in areas where you typically find high wage blue collar jobs, in transportation, energy extraction and so on. i hope rick will be pleased to hear that i'm not blaming this entirely on president obama. >> well, on the other hand, mike, president obama's solution to all this and they're saying it in europe, the imf is saying it, is to have this global wealth tax, to tax the rich more, to bring the rich down, that will help income disparity. what do you think of that plan? >> a
NBC
Dec 2, 2013 12:30am PST
by a strengthening economy. all is fair in love, war and mow men's clothing. men's wearhouse offered to by joseph a. banks. this bid was for $1.2 million. they said they will evaluate the offer. >>> will it be a december to remember for investors or a real turkey? the all important holiday season is now under way. what does it mean for you money? joining us is liz dunn. also mike holland. thank you both so much for being here today. we have a lot of questions to get through. mike it seems like every time we turn around there's a new record that's been set by the major indices. it took us 13 years to get back this. does this run continue? >> history is a guide, you would say yes. the last 50 years most of the time december has been a good month relative to the rest of the year. this year when you have 25% return the newton's law tends to stay in motion. probably another good. you've got some good numbers here from liz in a second. most important the fed is there. >> what's your gut telling you? >> the fed is there and you think that's what's really deciding? >> it hasn't been a real difficult thing
NBC
Dec 8, 2013 5:30am PST
's making news as we head into a new week. some surprising strength in america's economy. the unemployment rate fell to a five-year low to 7%. data for the previous months were revised higher. all of that sent stocks up early after a five-day losing streak for the dow and the s&p 500. the news sent interest rates on the tenure treasury higher. the second reading of the gross domestic product as well. the gdp growing at a whooping 3.6%. new home sales surged in october. up 25%. that was the sharpest increase in over three decades. analysts expect sharp reviegss downward. auto sales were high as well. rising at the best pace in six month pps gm rose 13%. chrysler 16% and toyota 10%. all of those numbers were better than expected. >>> due to the strong jobs report an the gdp numbers means we picked up enough speed and what does it mean for the fed tapering its buying program. joining us is greg mankiw. he's an economic's professor at harvard. it's great to see you today. >> it's nice to be with you. >> what do you think? we with seeing this long awaited recovery? >> we've gotten good news. th
LINKTV
Dec 9, 2013 5:00am PST
the economy. a government survey says among japanese workers has improved for the first time in two months. researchers asked more than 2,000 people nationwide how they feel about the economy compared with three months ago. the survey results released on monday show that the november index for the current state of the economy stood at 53.5%. that's a gain of 1.7 points from the previous months. it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumpti
SFGTV2
Dec 2, 2013 11:00am PST
side and what it does it our economy and families and our community and i've seen the incredible force that enterprises bring to revitalize our community and to hire talent from within and aboard. i've seen great entrepreneurship by welcoming talented folks from aboard so reforming the immigration system i hope i'll get a chance to be part of it. and we're looking forward to putting together a team and rolling out the historic reform of that system >> thank you for this conversation. >> thank you to our san francisco chamber of commerce and business forward and sf city for co- hosting this town hall. i'm eager to hear from the other companies about their stories of immigration. tell us your own stories. we're to start with you the ceo of illuminate. >> so my story is not any more special then the stories of what you've heard. you group in india. i gave a shout out and my family really believes in education and the empowerment through education. there is a certain resistlessness and get out of your comfort zone and explore other things. that's how i got here. the path is not easy it's
CSPAN
Dec 5, 2013 6:00am EST
values and commitments. and if we refocus our energies on building an economy that grows for everybody, and gives every child in this country a fair chance at success, then i remain confident that the future still looks brighter than the past, and that the best days for this country we love are still ahead. [applause] thank you, everybody. god bless you. god bless america. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> house speaker john boehner criticized democrats and president obama yesterday for failing to pass legislation to create jobs and grow the economy. here is what he said on the house floor. the house for one minute. the speaker pro tempore: the gentleman is recognized for one minute. the speaker: mr. speaker, the american people work hard and they've got a right to expect their elected representatives to do the same. house republicans are listening. to date the house has passed nearly 150 bills this congress that the united states senate has failed to act on. many of them would help our economy
FOX Business
Dec 6, 2013 7:00pm EST
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
FOX News
Dec 6, 2013 1:00pm PST
can do the trick. it came in the face of an employment report that was uplifting. the economy cranking out 203,000 jobs last month and the jobless rate dropping to to 7%, lower tn anyone could remember in five years. it might not be a fluke because consumers are feeling it, too. back to why this is all so weird. normally investors sell off on good news like this because it would signal the federal reserve starts helping them out and starts tapering the 85 billion bucks a month it's been flowing their way to keep interest rates low. a lot more on weather stocks stay high, but first, to mother nature, anything but hot. because fox is on top of a massive ice storm not letting up. icy cold temperatures ripping across a huge part of the country today. the wind chill in montana, minus 46. not much better throughout the midwest, and this arctic blast is expected to stick around for a while. no matter where you live you're likely to be hit and we're all over it with casey stiegel on the mess that is getting messier. scott in arkansas, where things are not much better. joe, on why we could all
SFGTV2
Dec 2, 2013 12:00pm PST
right. mayor ed lee has worked hard to keep san francisco economy and recovery on track and create jobs for san franciscans. he makes a city like san francisco to celebrate diversity in education and health care and in the environment for future generation. mayor ed lee began his career as a civil rights attorney he later served as a director of the human rights commission fighting for people then as director of the public works and later as city administrator now as mayor of san francisco he continues to fight by implementing services that help our most vulnerable community. i'd like to welcome to the stage the houshlg may have san francisco mayor ed lee. (clapping.) >> thank you very much. good evening, everybody and welcome to the people's palace. well, this is tonight i'm excited to be here it's an honor to be here to celebrate the ninth american heritage indian month no san francisco celebration of the awards. i wanted to thank not that all of you are here but for k q e d for the sponsoring of local heros. this is important because your city is all about diversity and i want to ma
Bloomberg
Dec 4, 2013 7:00pm EST
latest report on the state of the u.s. economy. then the fcc considers a plan to let air travelers use their cell phones in flight. the inter-sector is being called the fastest cop car ever. to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and the stories making headlines tonight. yang yang is in washington with today's cover story. she will have the latest on u.s. government rules that could change the way we fly. we will have that story coming up. economic conditions around the nation shows the united states still growing at a moderate to modest pace. is that enough to get the fed to alter its row graham. >> the new beige book does not contain any major revelations on the u.s. economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest
Bloomberg
Dec 6, 2013 8:00am EST
they could be influenced. the official forecast is for 185,000 new jobs created by the economy, 180,000 of them private, but the whisper number on the street is stronger -- over 200,000. the number, we had a big surprise -- remember, we had a big surprise last month and everyone expected a disaster. the adp payrolls number came in over 200,000, and that surprised people. factor in revisions, and we could see 50,000 or 60,000 additional jobs added. bettingld have people on the fed starting to buy what buys in bonds.-- cars. rates on homes and the fed surprises by not tapering after the weak job report in september. talked back oner the table. >> doesn't the fed have a target for the unemployment rate? >> yes, and no. ring does notape -- tightening. then implement number does not mean as much because it was distorted by the government shutdown. it will come down, but it will not be a factor for the fed air it said officials have told me -- that. -- said. fed officials have told me it will not be dependent. fourth-quarter gdp is tracking much lower, around 1%. they want evidence we wil
Bloomberg
Dec 9, 2013 10:00am EST
basket than just stocks and bonds. for longer,say low is that a call for the economy or on the market or will they both move in lockstep? >> it is both. growth is going too slow for a longer. of time. we think that the fed will keep monetary policy easy. short-term rates will remain where they are. long-term rates will budge up a bit. the stock market -- the peas are pretty high. we can squeeze a lot of juice out of that. we want to be a bit cautious for the longer-term right now. we want to make sure the people are using this diversification and understand the correlation may work against them up the market does react in a way that we are thinking. >> how is blackrock positioning itself to benefit from this environment? you have to look at the market and say, what do i do so that people invest with us? >> you will hear a lot today. you are in the right place. we will have our chief strategist talk to you today. they will give you an idea of where to be to protect yourself. one of those areas is diversification. not just in treasury, but more in credit. you are earning a coupon in the
CNN
Dec 8, 2013 6:00am PST
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
CNN
Dec 9, 2013 3:30pm PST
're causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic governor, neil abercrombie, and tim pawlenty, in a different life another colleague of mine. we're delighted to have both of you here this evening. governor, economists like larry summers, who was an adviser both to president obama and before that to president clinton have concluded that long-term unemployment compensation actually reduces participate in the work force and makes it harder for the economy to grow. what's your r
Al Jazeera America
Dec 6, 2013 12:00pm EST
casey thank you. ♪ >>> some encouraging news for jobs and the economy today, patricia sabga has the details of the much better than expected november employment reports. >> reporter: for the second straight month the u.s. job market showed signs of improve. the economy added 203,000 jobs in november lowering the unemployment rate to 7%. labor secretary says the numbers indicate the economic recovery is gaining strength. >> we have now had 45 consecutive months of private sector job growth to the tune of 8 million plus jobs. roorp while the numbers are encouraging, analysts say we still have a long way to go? >> to get to full employment we estimate the economy is going to have to create between 200 and 225,000 jobs per month for the next couple of years. >> reporter: but that may be difficult to achieve. the recovery is still on shaky ground with small businesses sees a slowdown in sales for the year. that is significant, because those businesses create about two-thirds of new jobs. ly hard hit has been the retail sector. despite slashing prices and opening their doors thanksgiv
FOX Business
Dec 5, 2013 6:00pm EST
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FOX Business
Dec 6, 2013 8:00pm EST
. neil: melissa, what is the story? >> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three a
PBS
Dec 9, 2013 6:30am PST
powerful man in the states janice on the attack was sacked from his managing the economy. corruption womanizing and drug taking what analysts say it's one of the biggest the peebles has the government since the death of the former leader kim jong il in two thousand the mountains. now to violent scenes from a football match result two people have been seriously injured in a violent brawl that broke out between fans images were broadcast live to millions of homes are likely to raise questions about the country's ability to keep them safe during next year's world cup after clifford reports. i see no conflict because players green knight's tale. minutes later the cd and descended into chaos. it is time to teach other and began to lose grind the beans and some of the idea contest this repeatedly and can't. riot police fired pepper pilates and tear gas into the riots the helicopter ride to treat the insurance. the plaintiff was already being punished for sundial in several months ago. it will finance the series to brazil this year raising concerns for the country's image ahead of the world
SFGTV
Dec 4, 2013 9:00pm PST
or exposure to san francisco. everyday we witness the birth of innovation and models with the clean economy and the -- excuse me, with the green collar jobs that come with that. we know that the green energy economy can have a market transformation as the it1 we are experiencing here in san francisco but in order to do that we as a city must provide strong demand for energy efficiency and renewable products. that catalyst is greenfinancesf. we have seen other parts of the state of california that have adopted residential programs to great effect recently most notably sonoma and others. and we now know the stories of individuals that have chosen to participate in these respected pace programs and seen the successes that they have encountered. we know these upgrades can save money not only on repair costs and energy services and also monthly energy bills to the tunes of thousands of dollars saved per household. from the beginning we wanted to insure this policy and finance tool have a strong work force component tied to it that put residents to work in this thrg. we can be partners in th
CSPAN
Dec 8, 2013 7:00am EST
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
CSPAN
Dec 8, 2013 1:05pm EST
anything else, they want a job. but finding work remains very difficult in an economy that still has 1.5 million fewer jobs than before the recession started six years ago. still ha million fewer jobs than before the recession started six years ago. we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy
CNBC
Dec 1, 2013 7:30pm EST
at the end of the year. both numbers helped by low interest rates and strengthening economy. all is fair in love and war and men's clothing. mens wearhouse offered to buy joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level it was 13 years ago. what happens in december? does this run continue? >> history as a guide you would say yes. the last 50 years december has been a good month relative to the rest of the year. this year when you have 25% returns in the market, the newton's law tends to stay in motion. you've got good numbers come here from liz in the second and consumer looks to be okay but the f
KICU
Dec 6, 2013 4:00am PST
low wages-- the economy is growing... the gdp number out yesterday came in at 3.6%. that is strongest economic growth in 1 and half years. the number was revised up from an earlier estimate of 2.8%. what's troubling to wealth manager juli niemann is that consumer spending grew just 1.4% "the economy is not really rocketing upward, it's slogging upward. so it's just not as wildly good news as it looks like it would be on first blush here." the real driver of the economic growth is coming from the businesses building up inventories. some fear that however, could be a negative factor going into the final quarter of the year. tech and start ups as the area adding strength. "i look at now where the dow jones is, but where nasdaq is. if nasdaq is at 4,000, we've got a pretty strong economy, at least in the tech sector. if goes to 2500, then we're in real trouble." that was howard anderson-- senior lecturer at the mit sloan school of managmement the gdp report also points to a smaller drop in government spending... that suggests the across the board budget cuts are having less of an effect-
CNBC
Dec 5, 2013 7:00pm EST
it was all about. south africa had the economy, has the economy that is the greatest economic engine on the african continent and nelson n mandela did not dismantle that economy, he did not force the kind of redistribution of wealth at a pace in which his supporters wanted it to happen, he said now it's time for us to build, not to function as a revolution anymore. >> thanks, john harwood. we appreciate it. now, we are joined on the phone by robert johnson, who is a cnbc contributor, founder of the rlj and former chairman of b.e.t., old friend of mine. robert, you met nelson mandela many times, okay. how many times did you meet him, what are your thoughts tonight as he passes away? >> yeah, i had the great and humbling pleasure of meeting president mandela on a number of occasions, first with the former commerce secretary, late ron brown, and then i also accompanied president clinton on his historic trip to sub-saharan africa and of course when president mandela came to the united states seeking to raise funds to continue to fight apartheid and support his charities. the one thing,
MSNBC
Dec 2, 2013 5:00pm PST
they know that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and c
FOX News
Dec 7, 2013 11:00am PST
in the world and compete in the world and also we're now in a global economy competing for skills. that we need to be making progress on the start rather than going behind. i think what also has people nervous is that this comes despite many years now of the united states being focused on this question no child left behind, other pieces of legislation. common core debate. state efforts to improve things. and we're not making progress. >> no noticeable improvement. >> rankings in education seem to have very little to do with the success of individuals in later life. much less the success of the economy. there's this false equation that countries with great educational systems are going to have innovative dynamic economies. is that true of japan? of course it's not. is that true of finland? it's not there either. their one champion corporation is nokia. it's good half as many people as belgium. that's what makes a lot of these comparisons ridiculous. >> we should ignore them? >> yes, because they basically tell you nothing except to invest a lot of money in education and that's what we do here in
LINKTV
Dec 5, 2013 5:00am PST
. >>> japan's latest stimulus plan has been approved. it's supposed to further boost the economy. ron madison has the details on that. >> that is the hope, of course. there has been a bit of concern about whether the economy could actually shoulder the weight of the planned contac hikes. they're hoping to count ernie negative effects the higher tax may bring. it works out to just about $54 billion. cabinet ministers are hoping the measure will help the economy keep expanding and want to support low income earners who might be affected by the tax hike. nearly $14 billion will go to sharpening japan's competitive edge. officials will use the money to promote research and development on new medicines and invest in infrastructure projects for the 2020 tokyo olympics. they've earmarked about $6 billion to people with low incomes and subsidies for home buyers. $3 billion to welfare programs. the ministers also want to speed up recovery for those hit by the march 2011 disaster. it includes $30 billion to improve reconstruction and improve disaster preparedness. it will support evacuees returning to
PBS
Dec 3, 2013 4:00pm PST
%. >> these changes are huge, for the american economy and the american people. >> for more on the battle over youamerican health care, do think that president obama made a persuasive case to the american public that health reform has happened? >> i think he was trying to focus on why it is important and what it means for a lot of people. he has done this before, of course, by saying that nobody should have to choose between putting food on the table and taking their kids to the doctor. it is a powerful argument. his probably most powerful argument was saying to the republicans, ok, you haven't liked it, but you don't have anything to put in its place. it will who have it, particularly those on medicaid, the health care for the poor, won't want it taken away from them. it still remains to see if people find the process so painful that they put it off. and if they don't like what they get, is it an improvement? >> my impression is that they are lead -- they are breeding something of a sigh of relief at the white house. they are alsout treating the patients so much so that they want them out of
Al Jazeera America
Dec 4, 2013 10:00pm EST
't shrinking so fast. we have gone from 10%, basically what he inherited down to 4% of the economy and on the way down to 2% by the end of the president's term. if he were not to doing this about spending and we were invest can in the future, in education, research, we are seeing american research going to china and we are not spending tax dollars on basic research, which corporations don't do. >> that's always been done by government. so, neither the finding about young people is surprising, nor is the president's focus. yeah, we have brought down the deficit is what he is saying, significantly, 90% of americans seem to be unaware of this. >> david, there are more than 10 million americans receiving disability benefits. 47 million on food stamps? >> yeah. >> torn in 4 million on long-term, getting unemployment benefits. the president's initiatives call for more spending. we still have a very big deficit and a very big nut to pay to foreign countries. is more spending the way to go? >> we are not paying to other countries. >> that's a misunderstanding to what the deficit is about.
CNBC
Dec 6, 2013 6:00am EST
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
FOX Business
Dec 5, 2013 11:00am EST
about this later in this half-hour? get the economy strong enough, wringing hands over federal reserve losses? charles: we are making the transition to a faster economy, the period when you hand the fed driven rally to the economy, weeks or months, and the bias will be to the downside. dagen: the fourth. and football. a missed call last week. and new technology on the field for the nfl. connell: cold weather driving that energy, we will have the forecast and latest on the market impact coming up as we continue on markets now. no one is talking about a down market but here are some winners on the s&p 500. dagen: this is what is coming up on the next half-hour of new technology that can help nfl officials and change the game looks, potentially. leading the charge as energy prices react to the bitter cold in thin the midwest. and not great news for stocks. we will dig into that even further. and a 1% on your christmas list who loves coffee? they gift for them. in short supply this year than even last. nicole: that is right. this will be hot demand item. seems somewhat irrational to some a
CNBC
Dec 4, 2013 6:00am EST
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
CNBC
Dec 6, 2013 7:00pm EST
, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven't changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also th
CSPAN
Dec 1, 2013 9:30pm EST
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
FOX Business
Dec 6, 2013 4:00pm EST
department saying the economy created 203,000 jobs last month. that is well ahead of wall street forecast. david: there were upbeat news on consumer confidence today. the thomson reuters university of michigan reading for december was the highest in five months at 82.5. liz: philadelphia fed president charles plosser says the positive jobs report should absolutely encourage the federal reserve to scale back those big asset purchases. plosser is a long-time critic of the fed's bond buying program. david: billionaire hedge fund manager eddie lampert is spinning off sear's lands' end closing business. he has been ceo of sears since february. his firm controls more than 4% of that company. liz: shares of american eagle outfitters down 10% after the retailer issued a lower than expected profit forecast for the fourth quarter. the company said third quarter earnings plunged 68%. david: much of the u.s. is in the grip of old man winter this afternoon. a massive winter storm hit texas. we're still in fall officially by the way, much of the midwest, disrupting travel and cutting power supplies for
CNBC
Dec 5, 2013 4:00am EST
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
CNBC
Dec 6, 2013 3:00pm EST
think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
CNBC
Dec 6, 2013 5:00pm EST
, could they do it in the next few weeks? i would say yes. it's on the table. the economy looks in much better shape today than it did in september, when they decided not to do it. and you know, so the door is open for them to act. it could wait until january, but this is basically the green light, that they have been looking for to start pulling back, and frankly, i think they have to be breathing a sigh of relief, because you know, the alternative to pulling back, because we have a stronger economy, was pulling back, because the costs started to exceed benefits, they didn't want to number that position, so i think they are happy over there today. >> from ben bernanke, do you think he wants to force janet yellen's hand starting tapering in december? >> no. they are working closely together, they have been the last three years. and i think no one on the fomc wants to be in position, where they are taking -- they are making a move today, that they are going to regret in three months or janet will regret. so i think you should feel comfortable, that whatever they do at this december meeti
Al Jazeera America
Dec 6, 2013 10:00pm EST
in the economy a jump in construction and manufacturing jobs helped bring the unemployment rate down to 5%. the economy gained 200,000 new positions last month. >>> in mexico startling new developments about a cargo of stolen radioactive material. they havthey have arrested two . they are being treated for raid radiation poisoning. poisoning. ♪ ♪ >>> as the word continues to mourn the loss of nelson mandela, stories are emerging of how america was crucial in the fight against racial segregation. consider this what was america's role in helping break the power of apartheid ove overseas the secretary for african a affairs will join us. >>> new york's mayor elects one of the biggest supporters to head the nypd. >>> a new wave of violence hit bebengazi. >> what would it be like to live on a floating ship in the middle of the ocean. >>> welcome to "consider this". we begin with the celebration of the life and legacy of nelson mandemandela. a ten-day mourning period began in south africa where mandela ercheddeendended the wave of ap. >>> mamandela's fellow lauret sd the sun will rise tomor
Al Jazeera America
Dec 6, 2013 11:00pm EST
to the economy an-for-a change so many good news. the november's job's report shows the unemployment rate fell to an all time low. the u.s. economy gained moore jomorejobs than expected. and the gains are wide spread in low and high conditions. it's i something that is key to today's economic news. >> i always kind a reason to find i this report shea shairky. the unemployment rate is down and we have created 200,000 jobs every month but a quarter of the jobs were higher payin paying j6 an hour or more. that is what wei we are concernd about. 1:5 is still low paying. that is part 69 problem. >> of the problem. it's not gang busters and teabs noit'snot a raw numbers thing. sgenerally speaking the qawl quy of jobs is higher. >> at first glance it would appear it's a big deal, but is it? world gets ou obsessed with the unemployment rate. >> i couldn't care less. that number measures a group of people in a changing group of larkehearingerlarger people. i do don't care about that number. more than 150,000 joan because that is the number of more people that come into the work force every month than
Al Jazeera America
Dec 7, 2013 1:00pm EST
the last minute hitches. some estimate it will boost world economy by 1 trillion-dollar and create more than 20 million jobs. we're looking at details in just a moment. but first we have reports from indonesia. >> reporter: it was an emotional moment after a dramatic four-day long meeting in ballet. the unexpected wa, and suddenlyt was possible. >> the countries of the wto has accepted a deal that will bring down trade barriers worldwide. it could bring a broader agreement in the years to come. also custom procedures will be more transparent, which should make trade cheaper and developing countries like indonesia are allowed to protect their farmers and poor people with basic food subsidies. india was blamed for not backing down on its food security plan. many in the united states were worried it would effect world market prices. >> i view as a victory for the farmers for the entire developing countries, and there is also a coalition of developing countries that entry waindiawas able to put togetherh its partners demonstrated solidarity and achieve this. >> not every is happy with the d
CSPAN
Dec 8, 2013 8:00pm EST
the culture of institutions like universities and the american economy and diplomacy and patterns of development. and this is what might be called subtle influence and what they have been able to do through their subtle power and exercise of this power, they can create a set of conditions and a set of structures, whereby it can exert this in subtle ways and through the international investments and its careful pursuits of hedging is a foreign-policy initiative. through its very deliberate effort as the al jazeera tv station represents. and qatar is extremely active in branding itself and through a very aggressive advertising campaign. you will see advertisements by the national carrier a part of the foundation in a whole variety of interests that will help create these conditions. and needless to say, this is extremely important. and to so let me end, if i may. with a passage from the book's conclusion, which in many ways points to some of the upcoming challenges that they are likely to face. unfortunately they did not wait for the book to be published before they decided to retir
CSPAN
Dec 6, 2013 1:00am EST
to the new economy, even in a period of economic growth, has not delivered the kind of employment that's necessary to sustain the economy. so i ask if any of you might comment on how the loss of direct support for 1.3 million americans in the wealthiest country ever imagined on the planet at a time of record profits by corporations can somehow be acceptable when you have cities like flint, michigan, or saginaw, michigan, that continue to struggle to try to connect their work force with the next economy. to me, this just seems like an affront to all that is good and right, and it's not something we ought to stand for. finally, i just want to say thank you for helping members of congress who ought to understand that this is just not economic data that we're looking at, but this is a decision that'll literally affect the lives, health, and well being of millions of americans and the fact you're willing to come help make that case is something we're grateful for. thank you. >> thank you, chris. why don't you begin and we'll get to the other direct questions. >> thank you so very quickly, c
FOX Business
Dec 6, 2013 11:00am EST
nightmare of a cruise ship. good morning, everybody. stocks finally good news on the economy means good news for stocks. nicole is on the floor of the new york stock exchange to explain it all. nicole: we are seeing something have not seen in some time, some big gains, green arrows. triple digit gains in the dow jones industrial. we have not had an up day where at the closing bell we had i anp arrow for the dow. since before thanksgiving, since last wednesday. it is welcome especially for the bulls, but for right now it looks like we will be snapping our winning streak we have seen. up 8 of the last straight weeks, but last friday the dow closed 16,086, so some way to go with that. some all-time highs worth noting. you are hot on these names. 1064. back to you. dagen: i'm smiling because two of my favorite people on the planet are here. two of my favorite people. here to talk about this, the newest news on employers. 243,000 jobs in november beat estimate by more than 20,000 people. a five year low of ninth round. labor participation rate, the number of people in the workforce looking for wo
PBS
Dec 2, 2013 6:30am PST
of the company. calls to the global economy twenty four hours a day. due to the business into you on all the stops in stocks rose in all prices fell this week on the news of a new pay deal between iran and six world powers the reigning government pledge to make its nuclear program or transparent in bhutan western powers relaxed some of the sanctions on the country the deal was also seen to pique the interest of western companies and stay on a return to a market that has been largely cut off the tee to sanctions. it isn't too late to cry of victory all the years of animosity to help with the business side of the story became time to crispin holes he's managing director to nato intelligence which evaluates political risks said thank you very much in people being with us let me start by asking you how big of a deal t think that this new quit the law actually is how much progress has actually been. while it's it's enormously important is a huge step forward in principle on the terms all the i truly mean to the economic impact of that is much less than that the principle of progress many fear
CNN
Dec 6, 2013 10:00am PST
blitzer in washington. big news for the u.s. economy today. hiring is up. unemployment is down. the jobs numbers for november were released this morning and they're much stronger than many analysts had been expecting. take a look. the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the wh
Al Jazeera America
Dec 2, 2013 10:00pm EST
. they were audiologically opposed. they had a closed-off economy, they were politically and militarily opposed. with china, we depend on china. every object we pick up says made in china, and china depends on us. what we have here is a situation in which our economic interests, our political interests in many areas, our interests in solving global problems like climate change and piracy are aligned. what we need to do is create diplomatic channels that find ways to resolve the territorial issues without letting it spin out of control. if you think about world war i, nobody wanted to go to war. but, you know, there was a fascination in serbia, and as it escalated, the sort of logic of alliance meant that they ended up in a conflict. that is what secretary of state john kerry is trying to prevent. >> your foreign policy service, your greatest fame may have come from an article in "the at lantic" calmed "why women still can't have it all." you wrote and i quote: >> what that is to change for that to happen, and how do we go about it? >> thanks for asking. i never expected to be talking on
Al Jazeera America
Dec 4, 2013 6:00pm EST
sure our economy works for every working american. >> and this session of congress is set to go down in history as the least productive. 911 audio tapes reveal calmness from police dispatchers on the day from the sandy hook elementary school shootings. >> the u.s. economy is growing but today president obama said the income gap between rich and poor americans is growing, too, and he's calling on washington to address the problem. >> a dangerous and growing inequality of upward mobility that jeopardy disease america's basic bargain, if you work hard you have a chance to get ahead. i believe this is the defining challenge of our time. making sure that our economy works for every working everyone. >> oonjonathan betz is here wita breakdown. >> the rich is getting richer and the poor is getting poorer, we hear it all the time, but what does it mean? last year's median income is $51,000 but that's down from the year before. and it's down if you adjust for inflation. almost all the money being made is going to the very rich. the income of the top 1% of the population grew by close to 51%.
FOX Business
Dec 2, 2013 8:00pm EST
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
FOX News
Dec 7, 2013 10:00am PST
and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom line is this. are you better off today than you were four years ago? most americans that elected this president yet again, now they're having buyers remorse, because most americans are not better off. if you look at the unemployment rate at 7% but for the black community, last check, it was 13%. the hispanic community has not lowered that much and for women and young adults, if you have a college degree, kelly, most people don't have a job today, so people are looking at this situation and though the president is a great orator, a great politician, motivational speeches do not make a more prosperous america. >> when yo
MSNBC
Dec 7, 2013 3:00am PST
to end the war in afghanistan. the job market is getting better. our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the center. those aisles
CSPAN
Dec 4, 2013 10:00am EST
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
CNBC
Dec 4, 2013 7:00pm EST
, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic bargain, that if you work hard, you have a chance to get ahead. >> reporter: he wants at least a higher minimum wage and an extension of emergency unemployment benefits. the president said when budget talks get going obama care will not be on the table because, he said, his plan is ending one of america's worst inequities, unequal access to health care. larry. >> thanks very much, steve handelsman. we appreciate it. i'm going to say it again with all due respect to mr. president, growing income inequality is not the greatest challenge of our time. we need strong economic growth. that's the biggest challenge. i need a ri
Bloomberg
Dec 8, 2013 1:30pm EST
looking pretty bad, the president's approval ratings are not looking good either. >> it hurt the economy. >> the economy is moving in the right direction and any sort of shutdown or shake, the uncertainty in washington is what is damaging the economy right now. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. the enrollment numbers are looking pretty good but that is in the front end. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big elec
Bloomberg
Dec 9, 2013 2:00am EST
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
CNN
Dec 5, 2013 10:00am PST
. >> good-bye from us. >> thanks for watching. c"cnn newsroom" starts now. >>> right now the economy's growing but stocks are sinking. we'll tell you why. also, right now fast food workers are sending a message, minimum wage is not enough to live on. walking off their jobs. goal is to double their pay. and right now, the killing of an american in benghazi, libya. it's being investigated, reportedly a school teacher and he's described as someone who is, quote, sweet to everyone. -- captions by vitac -- www.vitac.com >>> hello, i'm wolf blitzer in washington. first up, the health of the u.s. economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for thi
CSPAN
Dec 4, 2013 6:00pm EST
sure our economy works for every working american. it's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. and i know i've raised this issue before, and some will ask why i raise the issue again right now. i do it because the outcome of the debate we're having right now, whether it's health care or the budget or reforming our housing and financial systems. all of these things will have real practical imply cage for every american. and i am convinced that the decisions we make on these issues over the next few years will determine whether or not our children will grow up in america where opportunity is real. now, the premise that we're all created equal is the opening line in the american story. and while we don't promise equal outcomes, we've strived to deliver equal opportunity. the idea that success doesn't depend on being born in to wealth or privilege, it depends on effort and merit. with every chapter we've added to the story, we've worked hard to put those words in to practice. it was lincoln a poor man's son who star
CSPAN
Dec 9, 2013 2:00pm EST
that protects our economy and ensures our government can continue the work of the people. i'm not going to talk about each of these things individually other than i think it is so shortsighted what the republicans are doing regarding the s.g.r., or physician payments for medicare. there's money to take care of this, mr. president. a number of different sources, not the least of which is the overseas contingency funds. we had money set aside for the wars in iran and afghanistan. they are being phased out. there is still almost $1 trillion left. i cannot understand why the republicans refuse to use that money. no one except the republicans oppose closing these loopholes, these tax loopholes. it is only the republicans in congress that oppose them, not republicans around the country. these loopholes are so big, you could drive the biggest vehicle in the world through them, mr. president. but we're where we are. despite the cost of the republican shutdown this fall, last week's jobs report proves the american economy continues to gain steam. private sector businesses have added more than eight mill
MSNBC
Dec 6, 2013 4:00pm PST
's policies that they're killing the economy. the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems no matter what the news, it's li
SFGTV
Dec 1, 2013 11:00pm PST
bodies to reinforce our collective plan to have a thriving economy. we share best practices and collaborate to educate the public. and we've realized on many of you who are in the audience. let's get back to where i started people who are crazy enough to think they can change the world do we have them here from leader nancy pelosi who has been protecting the environment to mayor ed lee who is building the extension programs who has helped to there our focuses and effectiveness and strengthen our role 90 in government and the architect is being trormd. we should all take heart from their transformational change. we've shown we can continue our focus to our values we'll indeed have an impact on the federal government in the lives of the american people and hopefully on the world stage where america continues to lead. now we have a woman who needs little introduction nancy pelosi is the representative for the one hundred and 31st congress reforming the political system to create clean campaigns and concocting reforms and slurring the neighborhoods and scalds. from 2007 to 2011
SFGTV
Dec 5, 2013 9:30am PST
and transitional is an important part of our city to be able to compete in an economy. so the mayor and i have the honor of going to all the ribbon cuttings participate in the south of middle market. this is the first incubator space we're coming to which is an international collaborative workspace. i was speaking with some of the employees how many of us came to san francisco 13 years for the first dot come boom. many folks went from the colleges to the hot economy at that time. of course, we had the bust will cycle that followed and we're seeing something that's exiting the diversity of the economies and the businesses are incredible. this is excited about this step we're seeing on international collaboration this notice not just in san francisco but in asia. i'm sure you're aware it's been the mayors responsibility to collaborate to share ideas together. that's how innovative business and products are going to be created and brought together for our people. so i'm also here on behalf of the 11 members of the board of supervisors to welcome digital garage d g 717 to the south of market. i ha
SFGTV
Dec 7, 2013 4:30am PST
in lieu of to witness the clean up air energy economy we know this could trigger a market transformation for the evolution we're witnessing but in order to unleash the potential we must provide the cat lift for a are you unnecessarily product and services. that catalyst as i mentioned it green finance sf. we've seen other parts of the state here in california that have adapted pace programs like in riverside county and have each year the positive impacts. we know the stories of individual that have benefited from the pace programs. we know those upgrades can save money for crucial home improvement projects but illuminate bills. in the future it was important for mayor ed lee and i to make sure this finance had a strong workforce component. we had meetings with our partners in labor to start the conversations and we know that training and employees for jobs in the many energy economy is key to keeping them employed but helping them find meaningful careers and building their families within your borders. we have clean energy we want our workers to benefit. we're going to continue to work f
SFGTV2
Dec 2, 2013 10:30am PST
hundred in sf. we're committed to growing the local economy and maintaining a strong connection to our san francisco lines. when looking for a new headquarters it was location, location, location. we needed somewhere to provide easy access to lots of local businesses and restaurants and remain convenient for mass transit riders and bike riders a lot of our employees ride bikes. combrem is pack at about local plays and celebrate the distinct active and unique. we want to have this into a more than workplace. talking of resident at the 130 montgomery is an important milestone. we'll celebrate our tenth anniversary next year. i'm privileged to introduce yelp leader our 2kwishd nancy pelosi (clapping.) and what on a honor to be your representative in congress. thank you jeremy. your leadership and your sense of community and for staying in san francisco. i'm honored to join you and your colleagues especially our mayor who has a relationship with this part of the whole city, of course, but this was his baby and he's done a remarkable job. when we cut relishes at another that i have i tip my hat
CSPAN
Dec 9, 2013 7:00am EST
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
Bloomberg
Dec 6, 2013 3:00pm EST
and for monday. 203,000 jobs being added to the economy. exciting to see. great news. >> 7% unemployment. >> yes, americans back to work. forcee labor participation went up meaning more people are being counted. that's been a big concern, that just falling off. >> all reason to cheer. and market likes it. >> market loves it. they mightd think get nervous because it might mean tapered sooner rather than december.n as soon as >> right. >> nonetheless, higher. >> good news is good news. let's go to the big picture. will show you the three charts you've got to see. the dow industrial up 183 points. up 1.2%. we were up about 193 points a few minutes ago. slightly off the highs but still vague very good day. thewe're making up for ground we lost in the preceding five days. will this is curious. spike up early this morning up to 2.93 and back were.re we you're wondering whether the taper is priced in. >> could be. >> yup. at about -- >> good is good. >> means good is good. i like it. story., by the way, same it's call it flat. it's only up 29 cents. oil is up 6% in one week. begin to think maybe this t
CNN
Dec 4, 2013 3:30pm PST
louisiana, and whose in policies ignore everything we've learned. is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >> i've said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. >>> congressman, i'm sure you have a lot to respond to. >> yes, i do. very specific question. u ubs. >> do you great deal that inequality is a problem? >> yes, it's getting worse. you would think they weren't in power. the fact is the democrats have the house and senate. they did a $787 billion stimulus plan, the cash for clunkers, all these things that didn't grow the economy. they exacerbat
Al Jazeera America
Dec 4, 2013 12:00pm EST
. it will be good for our economy and our families. [ applause ] >> number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they are found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of pant plant -- plants packing up. land locked rural areas where young folks feel like they need to leave just to find a job. so we have put forward new plans to help these communities and their residents because we watched cities like pittsburgh or my hometown of chicago revamp themselves, and if we give more cities the tools to do it, not hands out, but a hand up, industries like detroit can do it too. so in a few weeks we'll announce the first of these promise zone where we're support local efforts, focused on national goals. ♪ [ applause ] >> and we're also going to do more for the long-term unemployed. for people who have been out of work for more than six months often through no fault of their o
Al Jazeera America
Dec 9, 2013 3:00am EST
market in kabul did a roaring business. foreign aid and investment poored into the economy. african was making money. now it's busier than ever because of increasing anxiety about the local currency. the president of afghanistan is still refusing to sign a security pact with the u.s., meaning some foreign forces remaining after 2014. willions of dollars in aid remained. without that, the economy is expected to collapse. that delay is causing fear in the business community. >> if it is not signed people will be panicked and it will affect the economy. people are running away. our businessman are worried. >> as afghans panic and exchange their money for u.s. dollars the afghani is being devalued. in a country where food is imported, prices are going up. >> ordinary markets like this ordinary afghans come to spend their money. most tell us that food prices have gone up. that's because those selling the food here in dollars. the exchange rate here has never been so bad. >> in a few short weeks the price of these sacks of fleur rose 10%. this woman bought one. >> translation: prices are
Al Jazeera America
Dec 9, 2013 5:00pm EST
to do for our families. it's the smart thing to do for our economy. >> reporter: president obama used his radio address this weekend to push for an extension. house speaker john boehner said he's open to legislation to continue the benefits. >> we'll get the latest on the deliberations from either end of pennsylvania avenue. al jazeera america congressional correspondent libby casey is on capitol hill and mike viqueira is with me here in the studio. good to see you both. libby, let me start with you. word began to dribble out over the weekend that the outlines of the deal has begun to appear. >> reporter: really the only once, the rest of the economy has been left in the dust. they're coming up with a plan that would replace the sequester cuts, the mandatory cuts that no one likes the contours of. they would replace them, but how do you pay for the replacement. they're talking about user fees, airline travel, and potential cuts to federal workers benefits. and controversial things that they'll have to hammer out the details of. they have until friday decembe december 13th, and expect
CSPAN
Dec 9, 2013 1:30am EST
in order to grow the economy out of the current debt. you need to have the stimulus. but not just in banks and others, but others who have the safety net and those who spend the vast proportion of their income. and as i will show you, we will see that a lot of safety nets actually preserve the business to pay off longer-term debt. and the imf did recognize this after the staging crisis occurred. it was the first time a formal apology was issued and it took five years, one of the most dramatic apologies of the international institution possible. coming to the current recession, we see again a vast divergence across the country and you might have heard recent reports that alcohol drinking has gone down with the recession in the united states. and that is a bit disingenuous. it's alcohol sales that has gone down. and drinking has sort of emerged across the country and most people have bought less as they have less money in their wallet. but a smaller population, particularly young men, have either had trouble finding work or were unable to maintain work and have started frequent binging. and
CSPAN
Dec 5, 2013 4:00am EST
of the many bold ideas we have had over the past decade, new ideas to grow the economy from the middle out, to expand health care to all americans, and to improve our schools. still thatuder behind all of these policies is a simple idea -- expanding opportunity for all americans. we believe that no matter where you come from, we are all better off if we have the opportunity to succeed. it is at the heart of what we do every day. we have learned that expanding the middle class is the best way to grow and grow stronger. but i know that principle is critical. also because it has mattered so much in my own life. a suburb of boston, the child of two immigrants from india. inlived in a house bedford, massachusetts, a middle-class town. when i was five, my parents got divorced and my dad left. my mother was on her own and never held a job before. she faced going back to india are going on welfare to support her two children. , we would've been stigmatized. it was unheard of to get divorced back then. she knew our life opportunities to be limited. she made that tough choice. she states. we stayed.
FOX Business
Dec 8, 2013 1:00am EST
the entire country. it will be good for our economy. >> but, as the unemployment rate is heading in the right direction, will this wage hike have jobs taking a hike? hi, everyone, this is "bulls and bears." let's get right to it. the bulls and bears. gary b. smith. tracy burns. john nas max ferris. along with bernard whitman. ll pushing the minimum to the max push out jobs just as they're coming back? >> yes, absolutely, this is the wrong thing to do in an economy that's showing some signeds of recovery. remember, they're targeting the wrong people. this is a great union and democratic slogan to say, look at the ceo, how much he's making. you can't raise the minimum wage to $15 an hour? take mcdonald's nor example. they will tell you, they don't set the wages for the local franchises. these are your moms and pops. these are your neighbors out there. they can't afford -- they don't have huge margins to raise the wages to $15 an hour. remember, if you want to help poverty this isn't the way to do it. the earned income tax credit does it. take this out of politics. take this out of unions. remem
FOX Business
Dec 9, 2013 11:00am EST
the economy so far had not been strong enough to make its time to taper, but now that has changed? >> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s.
PBS
Dec 5, 2013 6:30pm PST
to develop the digital economy within the context of the eu twenty twenty strategy to build a sustainable knowledge based economy in europe. any piece of home being champions of the digital economy for the benefits it brings to the citizens they represent a vis the us there is a kurdish member of our. it's very significant to the proposal of course today for my plea to god through ppp. specially i think we're close ups the ngos say and this development proposal on from the european and a commission specially not of course looks performance and publishers but it comes. of course you'll always be able to watch the ppt these digital content online wedding off. the city on a few days in a sixty eight to compete at any given. and this and often on the tv and be scammed by this time it's the vandalism of the cba china's white skin is running a mindset to get to speak. the white city of hope that those who have lost their sight. pity she didn't get the three hundred bc to compete against sun that he can apply for jobs in the private sector. it's a nice because it's gets to the paper gets to watc
PBS
Dec 2, 2013 6:30pm PST
in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below a
PBS
Dec 7, 2013 5:30pm PST
the larger part of the economy? >> if you have young people living with relatives and friends, couch surfing, renting instead of buying a home because they don't have the money to do that or the credit built up to do that or have bad credit, that pushes back the time line where they can buy a home and if they do it at all. it also had a big implication for consumer spend coming is the biggest part of our economy. if people are earning less over their lifetime they will be buying and consuming less. >> so everything gets pushed back down the line. >> exactly. >> i'm wondering if the way we thought about these jobs for young people that it's over. that these jobs have been taken by two or thee of these jobs to make up for a salary they had once. they are take care of their families with what we thought of as kids' jobs. is this a new normal? >> the hope is as the economy improves and was get higher demand as companies see a need to take on more workers they will do that and it will open up the lower entry level jobs for the people who have typically had them. the great recession caused a lot o
CNBC
Dec 9, 2013 5:00pm EST
will say that was money well spent when you look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're t
Al Jazeera America
Dec 3, 2013 3:30am EST
in markets like brazil. he said i'm most worried about the boom in the u.s. stock market because the economy is still weak and vulnerable. schiller said he's not sounding the alarm yet but avoids financials and technology. >>> many americans do their investing exclusive italy through mutual funds and retirement plans and some of them are increasingly worried that 401s will not carry them through retirement. some are moving through funds in rand out like a trader buys and sells stocks. this is getting a thumbs up from some investors but a thumbs down from financial investors who guide money. >> she figures she'd need 4 million to have a financially secure retirement. >> top of my list, china, new zealand, africa, antarctica, i want to be able to go freely and not pinch pennies. >> sandy who does not believe social security will be around has been saving money for nearly 20 years. even though she paid close attention to the markets and actively managed the fund she realized the rate her money was going she wouldn't have enough for her golden years. >> i'm not going to save $4 million out of wh
Al Jazeera America
Dec 4, 2013 4:00pm EST
and calm. >> hard to react when you're panicked. calm make sense. randall. thank you. the u.s. economy is growing, but so is the income gap between rich and poor americans. president obama addressed the problem. >> the lack of upward mobility that has jeopardized middle class america's if you work hard you can get ahead. this is defining of our time. making sure that our economy works for every working american. >> the president did not propose any initiatives during his speech. but he said a rapidly growing of deficit opportunity is a bigger threat than the fiscal. we'll go to danny, professor of economics, great to have you back. >> thank you. >> a pleasure, you heard just a moment ago, america's dangerously growing income is defining the challenge of our time. is the president correct, or is he, as some would say, overstating the income inequality and wealth gap argument with that kind of a statement? >> no, if anything there is an understatement. he's absolutely correct saying that it is a defining problem. and this problem has just--it has been exacerbated by global pressures. it
Al Jazeera America
Dec 4, 2013 8:00pm EST
blast. we begin tonight with inequality in the economy and the dangers to young americans. president obama says 10% of the population is now taking home half of the nation's income. he warns the growing canyon between rich and poor is destroying the economy, and threatening the american dream. president obama -- >> the top 20%, has about a two in three chance of staying at or near the top. a child born into the bottom 20% has a less than one in 20 shot at making i.t. to th -- making o the top. he's ten times modifier likely to stay where he is. >> president obama states statistics that shows the average american income is shrinking. the president asked the congress to raise the minimum to $7.10 an hour. encouraging government dependence. white house correspondent mike viqueria joins us with more. mike, why the speech and why now? >> it's a great question john. first of all the facts that the president and the statistics that the president cited are beyond dispute. there is a growing income disparity in the country. the top 1% has seen their incomes triple, the lower middle class has
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